CENTR Brands (XCNQ:CNTR) Days Payable : 1,805.04 (As of Feb. 2024)

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What is CENTR Brands Days Payable?

CENTR Brands's average Accounts Payable for the three months ended in Feb. 2024 was C$0.63 Mil. CENTR Brands's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.03 Mil. Hence, CENTR Brands's Days Payable for the three months ended in Feb. 2024 was 1,805.04.

The historical rank and industry rank for CENTR Brands's Days Payable or its related term are showing as below:

XCNQ:CNTR' s Days Payable Range Over the Past 10 Years
Min: 44.9 Med: 57.81 Max: 157.31
Current: 157.31

During the past 13 years, CENTR Brands's highest Days Payable was 157.31. The lowest was 44.90. And the median was 57.81.

XCNQ:CNTR's Days Payable is ranked better than
77.62% of 974 companies
in the Drug Manufacturers industry
Industry Median: 87.51 vs XCNQ:CNTR: 157.31

CENTR Brands's Days Payable increased from Nov. 2022 (34.22) to Feb. 2024 (1,805.04). It may suggest that CENTR Brands delayed paying its suppliers.

CENTR Brands Days Payable Historical Data

The historical data trend for CENTR Brands's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CENTR Brands Days Payable Chart

CENTR Brands Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

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44.90

105.38

66.92

48.69

CENTR Brands Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24
Days Payable	Get a 7-Day Free Trial															34.22	94.90	31.40	79.84	1,805.04

Competitive Comparison of CENTR Brands's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, CENTR Brands's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CENTR Brands's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, CENTR Brands's Days Payable distribution charts can be found below:

* The bar in red indicates where CENTR Brands's Days Payable falls into.

CENTR Brands Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

CENTR Brands's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (0.276	+	0.208)	/	2 )	/	1.814	*	365
=	0.242					/	1.814	*	365
=	48.69

CENTR Brands's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0.303	+	0.963)	/	2 )	/	0.032	*	365 / 4
=	0.633					/	0.032	*	365 / 4
=	1,805.04

CENTR Brands Days Payable Related Terms

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CENTR Brands (XCNQ:CNTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CENTR Brands Corp (XCNQ:CNTR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CNTRF:USA 303:Germany

Address

2318 Oak Street, Suite 100, Vancouver, BC, CAN, V6H 4J1

Website

https://www.findyourcentr.com

CENTR Brands Corp is a Canada-based company involved in the development and marketing of beverages infused with hemp-derived extracts and derivatives. It is focused on the creation and launch of the brand for the cannabidiol (CBD) infused beverage industry. The company's first product, CENTR, is a sparkling, low-calorie, CBD beverage.

Executives

Arjan Jagiit Chima

Director, Senior Officer

CENTR Brands (XCNQ:CNTR) Headlines

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